According to GlobeNewswire, Cipher Mining (NASDAQ: CIFR) has released operational data for May. The company produced approximately 179 bitcoins in the month, including approximately 4 bitcoins of equivalent value obtained through electricity sales and approximately 23 bitcoins from joint venture data centers. The company sold 64 bitcoins in May and held a total of 966 bitcoins at the end of the month, of which approximately 334 were used as collateral. As of the end of May, Cipher Mining has deployed 75000 mining machines with an operational computing power of 13.5 EH/s and a mining machine efficiency of 18.9 J/TH. The company is advancing the construction of the Black Pearl data center located in Texas. The first phase of the building is nearing completion, and the old mining machines from the Odessa upgrade project have been migrated and installed, awaiting power on. Cipher Mining has purchased the remaining mining machines to fill the 150 MW power capacity of the first phase of Black Pearl. It is expected that the new mining machines will arrive and be deployed in early July. After deployment, the company expects its computing power to increase from the current 13.5 EH/s to approximately 23.1 EH/s.
